Bursa Malaysia closed higher on Wednesday, almost across the board, with the key index extending its winning streak to a one-year high as the market positively reacted to Bank Negara Malaysia’s decision to keep the overnight policy rate (OPR) unchanged.
Despite a mixed regional market performance, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.99 points to end the day at 1,504.1 from Tuesday’s (Jan 23) close of 1,496.11.
The barometer index, which opened 1.05 points better at 1,497.16 in the morning, moved into positive territory throughout the day at between 1,497.16 and 1,504.44.
Market breadth was bullish with advancers overwhelming decliners 690 to 360, while 431 counters were unchanged, 806 untraded and 19 others suspended.
Turnover dropped to 4.34 billion units worth RM2.88 billion from 5.16 billion units valued at RM3.33 billion on Tuesday, Bernama reported.
